Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

1st National Bank - Liberal Liberal, Kansas

 

 
Loan Census SBA Loan Info

Liberal, Kansas Business Gets SBA-Guaranteed Funding from 1st National Bank - Liberal

1st National Bank - Liberal is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Kansas entrepreneur who tapped into the power of SBA loans.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Liberal, Kansas was able to borrow $72,500 from 1st National Bank - Liberal. The SBA made the loan possible by guaranteeing $58,000 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: SANITARY SERVICES
LIBERAL, KS 67901

SBA Loan Lender

1ST NATIONAL BANK - LIBERAL
324 N KANSAS AVE
LIBERAL, KS 67905

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4959 - Sanitary Services

Loan Approval Date

9/19/2000

Loan Approval Gross Amount

$72,500

Loan Approval from the SBA

Of the total $72,500 loan amount, the SBA guaranteed $58,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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